The S&P/ASX 200 (ASX: XJO) hit a four month high beating 6,135 last seen on 9 January 2018, dropping back to 6,127 at the time of writing.
The run in the oil price has more than boosted the market, with the price hitting a three and a half year high after the exit of US President Donald Trump from the Iran nuclear deal. Companies doing well include WiseTech Global Limited (ASX: WTC), Oil Search Limited (ASX: OSH), CSL Limited (ASX: CSL), and BT Investment Management Ltd (ASX: PDL).
A lower dollar has helped CSL with substantial US dollar earnings, while BT Investment Management's (now called Pendal Group Ltd) share price jumped 8% due to a strong 2018 interim profit announcement with net profit up 45% for 1H18. WiseTech continues its rally on the back of a healthy outlook for future earnings, and Oil Search will do well from higher oil prices.